Civista Bancshares (CIVB) AI Stock Analysis

• Market Cap: $446.90M
• Dividend Yield: 2.94%
• Average Volume (3M): 68.34K
• Price to Earnings (P/E): 8.6
• Beta (1Y): 0.77
• Revenue Growth: 3.49%
• EPS Growth: 33.86%
• Country: US
• Employees: 520
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.68
• Shares Outstanding: 19,312,880
• 10 Day Avg. Volume: 72,029
• 30 Day Avg. Volume: 68,341
• PEG Ratio: -0.39
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 1.34
• P/FCF Ratio: 7.36
• Enterprise Value/Market Cap: 1.48
• Enterprise Value/Revenue: 2.66
• Enterprise Value/Gross Profit: 4.13
• Enterprise Value/Ebitda: 12.58
• 1Y Price Target: $26.50
• Price Target Upside: 14.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 2.6
• Revenue Forecast (FY): $171.38M

• Rating: 68 Neutral
• Price Target: $25.00 ▲(8.04% Upside)

Civista Bancshares' strong earnings performance and positive technical indicators are the most significant factors driving the score. The company's low P/E ratio and attractive dividend yield further support its valuation. However, the decline in revenue growth and challenges in loan growth present risks that temper the overall score.

Positive Factors

Merger with Farmers Savings Bank

The merger expands Civista's presence in Ohio, adds $236 million in deposits, and enhances its commercial lending capabilities, supporting long-term growth.

Strong Profitability

Strong profitability with high margins indicates efficient cost management and operational efficiency, contributing to sustainable financial performance.

Capital Raising

Successful capital raising enhances financial flexibility, supports organic growth, and reduces funding costs, strengthening the balance sheet.

Negative Factors

Decline in Revenue Growth

The decline in revenue growth presents challenges in maintaining revenue streams, potentially impacting long-term financial sustainability.

Loan Declines

Decline in loans and leases due to payoffs presents headwinds for loan growth, affecting interest income and overall revenue generation.

Unrealized Losses in Securities

Significant unrealized losses in securities could impact asset valuation and capital adequacy, posing risks to financial stability.

Civista Bancshares Business Overview & Revenue Model

Company Description

Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit. The company also purchases securities; and provides trust and third-party insurance services. It operates approximately 42 locations in Northern, Central, Southwestern, and Northwestern Ohio, as well as Southeastern Indiana and Northern Kentucky. The company was formerly known as First Citizens Banc Corp and changed its name to Civista Bancshares, Inc. in May 2015. Civista Bancshares, Inc. was founded in 1884 and is headquartered in Sandusky, Ohio.

How the Company Makes Money

Civista Bancshares generates revenue primarily through interest income from loans and investments, as well as non-interest income from various fees and service charges. The company earns interest income by lending money to customers in the form of personal loans, mortgages, and business loans, with the interest on these loans representing a significant portion of its revenue. Additionally, Civista Bank collects fees for account maintenance, transaction services, and financial advisory services, contributing to its non-interest income. Partnerships with other financial institutions and service providers enhance its product offerings and customer reach, further supporting its revenue generation. Overall, the combination of interest income from lending activities and non-interest income from service fees forms the backbone of Civista Bancshares' financial performance.

Civista Bancshares Financial Statement Overview

Summary

Civista Bancshares shows strong profitability and operational efficiency with high profit margins and robust EBIT/EBITDA margins. The balance sheet is stable with a moderate debt-to-equity ratio and healthy return on equity. Cash flow generation is improving, although there are areas for enhancement in operating cash flow management. The significant decline in revenue growth is a concern that needs addressing to ensure long-term sustainability.

Income Statement

Civista Bancshares' income statement shows a significant decline in revenue growth rate at -75.10% TTM, indicating potential challenges in maintaining revenue streams. However, the company maintains strong profitability with a high net profit margin of 71.19% TTM, suggesting efficient cost management. The EBIT and EBITDA margins are also robust at 84.23% and 84.77% TTM, respectively, reflecting strong operational efficiency.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio of 0.69 TTM, indicating a balanced approach to leveraging. The return on equity is healthy at 10.38% TTM, showing effective utilization of shareholder funds. The equity ratio stands at 12.13% TTM, suggesting a stable capital structure with adequate equity backing.

Cash Flow

Cash flow analysis shows a positive free cash flow growth rate of 14.32% TTM, indicating improved cash generation capabilities. The free cash flow to net income ratio is strong at 0.91 TTM, reflecting efficient conversion of earnings into cash. However, the operating cash flow to net income ratio is low, suggesting potential challenges in cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	248.57M	241.90M	217.48M	152.98M	134.19M	126.18M
Gross Profit	160.09M	146.55M	155.80M	135.28M	123.73M	105.93M
EBITDA	52.53M	47.60M	62.95M	52.79M	51.25M	40.30M
Net Income	43.84M	31.68M	42.96M	39.43M	40.55M	32.19M
Balance Sheet
Total Assets	4.11B	4.10B	3.86B	3.64B	3.01B	2.77B
Cash, Cash Equivalents and Short-Term Investments	360.52M	329.94M	679.90M	660.24M	815.06M	491.69M
Total Debt	341.88M	450.88M	454.19M	643.35M	204.23M	183.34M
Total Liabilities	3.61B	3.71B	3.49B	3.30B	2.66B	2.42B
Stockholders Equity	499.03M	388.50M	372.00M	334.83M	355.21M	350.11M
Cash Flow
Free Cash Flow	51.25M	44.06M	59.27M	18.68M	38.83M	30.68M
Operating Cash Flow	56.28M	48.25M	62.70M	25.18M	40.76M	32.65M
Investing Cash Flow	-82.18M	-258.80M	-311.78M	-410.36M	-130.50M	-340.98M
Financing Cash Flow	14.00M	213.30M	266.13M	164.30M	216.93M	398.80M

Civista Bancshares Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CIVB, the sentiment is Positive. The current price of 23.14 is above the 20-day moving average (MA) of 22.26, above the 50-day MA of 21.42, and above the 200-day MA of 20.93, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 67.43 is Neutral, neither overbought nor oversold. The STOCH value of 88.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CIVB.

Civista Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BMRC	74 Outperform	$420.06M	42.24	2.24%	3.74%	23.93%	―
BSRR	72 Outperform	$433.73M	11.18	11.07%	3.11%	-0.65%	14.14%
FRBA	70 Outperform	$394.61M	9.47	10.03%	1.53%	9.76%	4.43%
GCBC	69 Neutral	$378.00M	11.20	14.53%	1.66%	13.16%	37.40%
CIVB	68 Neutral	$446.90M	8.65	9.73%	2.94%	3.49%	33.86%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BRBS	57 Neutral	$429.31M	105.43	1.29%	―	-15.07%	―

Civista Bancshares Corporate Events

Civista Bancshares Completes Merger with Farmers Savings Bank

On November 6, 2025, Civista Bancshares completed its merger with The Farmers Savings Bank, marking a strategic expansion into Medina and Lorain Counties in Northeast Ohio. This merger adds two branches and approximately $236 million in low-cost deposits to Civista’s portfolio, increasing its total assets to approximately $4.4 billion. The merger is expected to enhance Civista’s commercial lending capabilities and deepen its community banking relationships, while Farmers’ customers will benefit from expanded resources and services. The system conversion is planned for the first quarter of 2026, with continuous support for Farmers’ customers during the transition.

Civista Bancshares to Participate in November Conferences

Civista Bancshares announced its participation in two financial services conferences in November 2025, where its leadership team will discuss banking trends and strategic growth initiatives. These engagements are part of Civista’s efforts to strengthen its industry positioning and engage with institutional investors and peers, potentially impacting its operations and market presence.

Civista Bancshares Declares Quarterly Dividend of 17 Cents

On October 22, 2025, Civista Bancshares, Inc. announced that its Board of Directors approved a quarterly dividend of 17 cents per common share, consistent with the previous quarter. The dividend, amounting to approximately $3.3 million, will be payable on November 18, 2025, to shareholders of record as of November 4, 2025. This dividend offers an annualized yield of 3.35% based on the closing stock price of $20.31 as of September 30, 2025. This announcement reflects Civista’s stable financial strategy and commitment to returning value to shareholders, reinforcing its position in the financial industry.

Civista Bancshares Receives Approval for Farmers Merger

On October 14, 2025, Civista Bancshares, Inc. and The Farmers Savings Bank announced they have received all necessary regulatory approvals to proceed with their merger, pending shareholder approval and customary conditions. This merger is expected to expand Civista’s presence in Ohio, enhancing value for customers and communities, with the integration of Farmers into Civista Bank anticipated to complete in November 2025, and system conversion planned for the first quarter of 2026.

Civista Bancshares to Release Q3 2025 Financial Results

Civista Bancshares, Inc. announced on September 30, 2025, that it will release its third quarter 2025 financial results before the market opens on October 23, 2025. The company will also host a conference call and webcast on the same day to discuss the financial results, allowing analysts to participate in a question-and-answer session. This announcement is a routine disclosure that provides stakeholders with important financial insights and reaffirms Civista’s commitment to transparency and communication with its investors.

Civista Bancshares to Attend Stephens Bank Forum

On September 16-17, 2025, Civista Bancshares‘ senior management will engage with investors at the Stephens 15th Annual Bank Forum in Little Rock, Arkansas. This engagement reflects Civista’s strategic efforts to strengthen its investor relations and market presence. The company has been actively expanding its operations, as evidenced by its recent acquisition of Farmers Savings Bank, which is expected to enhance its competitive advantage in the Cleveland MSA. This acquisition aligns with Civista’s growth strategy, which has seen significant increases in deposits and loans since 2019, positioning the company as a strong player in the financial sector.